Many businesses fail to realise the amount of time it takes to get a new employee fully trained. It can take anywhere between 1 and 6 months to train a new member of staff. It can also take the same amount of time to find out if they are suitable for the job in the [...]
Posts Tagged ‘machinery;’
Buying Assets And Depreciation: What You Need To Know
March 6th, 2008
admin Depreciation refers to the decline in the value of any equipment, vehicle or machinery when we use them and ultimately they wear out. For the accounting purpose in any business, this depreciation is used to write off the asset’s value over time. If you are planning to buy any kind of assets then you should [...]
The Cost of Doing Business in South Africa
February 25th, 2008
admin A recent survey by The Economist Intelligence Unit ranked South Africa as highly cost effective (10th out of 31 countries surveyed). South Africa’s exchange rate makes it one of the least expensive countries in which to do business – particularly one with a first-world infrastructure and high living standards. Even though stronger local currency has [...]
Preparation of Profit and Loss Account
January 10th, 2008
admin Explanation of Certain items of Profit and Loss Account 1. Salaries Salaries are paid for the services of employees and are debited to profit and loss ac- count being indirect expense. If any salary has been paid to proprietor or partners, it should be shown separately because it requires special treatment at the time of [...]
Embracing Your Multiple Streams of Passion
October 29th, 2007
admin Are you someone who has many interests? Do you like to read and write, fix and invent, design projects and start businesses, and many other things all at once? If so, then you are a multiple-streams-of-passion person. “And” is your favorite word. You feel limited by the word “or,” uncomfortable when you need to narrow [...]


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